Tag: XRP Whales

XRP On-Chain Activity Signals Imminent Sell-Off — What’s Happening?

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An alarming pattern of XRP whale activity has been noted, posing several questions about the sustainability of the cryptocurrency’s growth. Among the multiple questions currently being asked, one is more demanding of an immediate response: Is an XRP whale sell-off on its way?

XRP Supply Surges Across Major Exchanges

In an October 3rd post on the social media platform X, market analyst CryptoOnchain highlighted a recent shift in the behavior of XRP’s largest holders, the whales.

The online pundit’s report was based on the Exchange Supply Ratio indicator, which tracks the proportion of XRP tokens on exchanges relative to its total circulating supply.

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This metric can be used to derive insights on potential selling pressure for a crypto asset (XRP, in this case), seeing as higher values would suggest increased availability of tokens on the exchange for sale.

Source: @CryptoOnchain on X

According to CryptoOnchain, there has been a spike in XRP supply across major exchanges, suggesting that whales might be positioning for a significant sell-off. The data shared reflects the increase in selling pressure across these exchanges, including Bithumb, Bitget, Bitfinex, and Binance, putting the XRP price at an increased risk of a sharp correction.

XRP Displays Bearish Divergence As Sellers Dominate Futures Market

In a separate post made on the CryptoQuant platform, CryptoOnchain also revealed a budding negative divergence across the XRP futures market.

The relevant indicator here is the Taker Buy Sell Ratio metric, which monitors the balance between aggressive buy and sell orders in the futures market. This metric is typically used to assess whether buyers or sellers are dominating the market in the short term.

The analyst noted that while the price of XRP has been mostly around $3 after its recent rise, the ‘Taker Ratio’ across exchanges has fallen to its lowest level since November 2024. Interestingly, data from Binance, the world’s largest crypto exchange, further supports this bearish signal, as patterns similar to those seen on other exchanges have also been surfacing.

Related Reading: Ethereum Matches Bitcoin In Annual Gains: What This Means For The Market

Source: CryptoQuant

CryptoOnchain explained that this situation could either mean that the market participants are booking profits or anticipating a price decline in the near future. However, the spike in XRP supply across major crypto exchanges, alongside the clear dominance of sellers in the perpetual futures market, strongly suggests the imminence of a price correction.

It is therefore advisable to watch the psychological $3 level closely before market decisions are made. As of this writing, XRP is hovering around the $3 mark, reflecting a nearly 2% decline in the past 24 hours.

The price of XRP on the daily timeframe | Source: XRPUSDT chart on TradingView

Featured image from iStock, chart from TradingView

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Opeyemi Sule

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October 4, 2025
XRP Records Highest Single Day Whale Accumulation Since Ripple’s Partial Victory Over SEC
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Market intelligence platform Santiment recently revealed how XRP whales look to be going all in on XRP following significant purchases of the crypto token. Notably, these buys are said to be the most since Ripple’s partial victory over the Securities and Exchange Commission (SEC).

XRP Records 217 Whale Transactions

Santiment stated in an X (formerly Twitter) post the XRP Ledger processed 217 ‘$1 million whale transactions’ on the network on January 31. This happens to be the most transactions of such magnitude recorded in a single day since Judge Analisa Torres ruled that XRP wasn’t a security in itself last year July.

Just like Santiment noted, such an occurrence has the potential to impact XRP’s price positively. XRP had risen to as high as $1 on the back of Judge Torres’ ruling as it strengthened the conviction of the altcoin’s holders, who then decided to double down on their investments. If such a similar scenario plays out again, then XRP is expected to experience price surges soon enough.

The market intelligence platform also added that some key signals indicated that XRP was “one of the better candidates for a bounce, assuming Bitcoin Bitcoin can stabilize the rest of the week.” The altcoin had dropped below the crucial support level of $0.5 following Bitcoin’s recent decline. However, it is back above that level as the market shows signs of recovery.

Meanwhile, despite XRP’s relatively stagnant price action, these whales do not seem to be worried. Santiment revealed that wallets holding at least 10 million XRP tokens combined to hold 67.2% of the available supply, the most since December 31, 2022.
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Token price at $0.5 | Source: XRPUSDT on Tradingview.com
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Binance Freezes $4.2 Million Worth Of Tokens

Binance CEO Richard Teng stated in an X post that the crypto exchange had managed to freeze $4.2 million worth of XRP, which was part of the proceeds from the recent XRP exploit. NewsBTC had reported how there was a breach on the personal XRP accounts of Ripple’s co-founder Chris Larsen, which led to the theft of more than 213 million tokens.

Teng also mentioned that the Binance team will help retrieve the remaining funds in any way they can. He added that they were closely monitoring the majority of the funds in the exploiter’s external wallets just in case they tried depositing these tokens to Binance.

The exploiter is reported to have laundered some of these funds through crypto exchanges like MEXC, Gate, Kraken, OKX, and HitBTC.

Featured image from Analytics Insight, chart from Tradingview.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
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Scott Matherson

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February 2, 2024
XRP Price Crosses $0.53 But These Factors Suggests Rally Is Far From Over
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The XRP price saw an impressive run over the last day after news broke that the US Securities and Exchange Commission (SEC) was dropping its lawsuit against Ripple’s executives. This surge carried on into Friday as the altcoin’s price was able to clear the $0.53. Naturally, there has been a pullback from this price level, but whale transactions suggest that the rally may not be over.

Crypto Whales Flex Their Buying Power

In the last day, crypto whales have been showing their buying power as the price of cryptocurrencies such as XRP saw a recovery. The first indication of this was a number of large USDT transactions that were making their way toward centralized exchanges.

The first of these reported by whale tracker Whale Alert was $100 million in USDT transferred to Binance. Then two other transactions carrying the same amount of tokens followed suit, all headed for the Binance exchange as well. Another 50 million USDT would make their way to the exchange just a couple of hours later.

Then the minting of $1 billion USDT at the Tether Treasury took place as Thursday drew to a close. What followed was a number of transactions carrying USDT in 50 million tranches headed for Binance. The transactions continued into Friday, with the most recent being two hours old, at the time of this writing.
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XRP remains bullish | Source: XRPUSDT on Tradingview.com
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What This Means For XRP Price

The continuous transfer of stablecoins to centralized exchanges can often signal a willingness to purchase cryptocurrencies. Mostly, these purchases are in Bitcoin but the buying power tends to have a trickle-down effect. Meaning, that as the price of Bitcoin goes up, so will the XRP price.

In this case, if whales continue to buy and push the Bitcoin price past $30,000, then the XRP price is likely to follow suit and break the $0.55 resistance while at it. However, the XRP price also faces strong resistance as whales have taken to selling.

As Whale Alert shows, there were a number of large XRP transactions headed toward centralized exchanges. The most notable of these are the 32.3 million XRP worth $15.79 million at the time sent to the Bitso exchange, as well as the 31.1 million XRP worth $15.2 headed to the Bitstamp exchange.

These whale movements suggest a battle between bulls and bears as they struggle for dominance. But XRP price continues to show strength with 7.44% gains in the last 24 hours, and up 6.94% in the last seven days.

Featured image from Bitcoinist, chart from Tradingview.com
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Scott Matherson

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October 20, 2023